By Sheri Kasprzak
New York, May 15 - Lusora Healthcare Systems, Inc. agreed to sell $3 million in units to Global Healthcare Investments SA.
Global will buy the units at 80% of the volume weighted average closing stock price for the 10 trading days before notice of a purchase.
The units each consist of one share and one warrant. The warrants are each exercisable at 150% of the price of the units.
Lusora, based in Austin, Texas, company operating a wireless home monitoring and emergency response system.
| Issuer: | Lusora Healthcare Systems, Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $3 million
|
| Price: | 80% of the VWAP for the 10 trading days before notice of a purchase
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | 150% of the unit price
|
| Investor: | Global Healthcare Investments SA
|
| Announcement date: | May 15
|
| Stock symbol: | OTCBB: LHCS
|
| Stock price: | $0.72 at close May 15
|
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